Asset-Backed Securities Quarterly Update – October 2025

Market Update
Watch 5 min

In our latest Asset-Backed Securities (ABS) quarterly update, Aza Teeuwen, Partner and Co-Head of ABS, explains how strong CLO issuance, robust investor demand and tightening spreads have driven a standout year for the European ABS market.


 

Key takeaways

  • The European ABS market continued its strong momentum through Q3, with both primary and secondary trading remaining strong and defying the typical summer slowdowns.
  • The European ABS market saw €65bn of transactions, bringing total issuance for 2025 to almost €160bn.
  • We remain alert to macro risks, including weakening US labour data, political uncertainty in the UK and France and broader geopolitical tensions. 

 

 

 

About the author
About the author
Explore related topics:
Asset Backed Securities CLOs Fixed Income Market Update
Most viewed:
How hyperscaler issuance is reshaping the Treasury curveFlash Fixed Income: Why markets may be wrong on rate hikesFrench banks caught in crossfire, but fundamentals are solid
Up next:
CLOs prove resilient amid First Brands loan rout

The TwentyFour Blog

Subscribe to get the latest views from TwentyFour's investment team on the forces shaping credit and fixed income markets.

Sign up 

image